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Companies & Markets

Deutsche Post invests 335m euros to expand DHL Hong Kong hub

Published Wed, Nov 15, 2017 · 11:15 AM
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[FRANKFURT] Deutsche Post is investing 335 million euros (S$537.3 million) to expand its DHL Central Asia hub in Hong Kong to bolster regional trade, increasing its throughput by 50 per cent when operating at full capacity, it said on Wednesday.

"Given the expected rise in international e-commerce and intra-Asian trade, DHL is committed to strengthening our global network and services," DHL Express Chief Executive Ken Allen said in a statement.

The expanded hub is expected to begin operation in the first quarter of 2022, in time for the completion of Hong Kong airport's three runway system in 2024.

REUTERS

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